LG H&H, Macrogen sets up JV for consumer genomics
Oct 25, 2016
[THE INVESTOR] LG Household and Health Care and life science company Macrogen announced on Oct. 25 that they have signed an agreement to establish a joint venture to enter the consumer genomics market. The companies will invest a combined 6 billion won (US$5.28 million) and equal stake in Genstory, to develop and provide direct-to-consumer genetic analysis service. The Ministry of Health and Welfare lifted a ban on having one’s DNA tested at a non-medical entity without a referral from medical i